Exactly 1 year ago today, crypto saw its biggest liquidation day ever: $19B+ wiped out in 24 hours 😳
Open interest fell 43% in a single day. Most of the pain came from one thing: leverage.
3 lessons I keep with me:
1️⃣ High leverage turns a normal dip into a liquidation
2️⃣ Always keep some cash for dips
3️⃣ Position size matters more than entry price
Did you survive 10/10? Tell me your story below 👇
#Bitcoin #BinanceSquare #CryptoCrash #RiskManagement #crypto